Micron beats fourth-quarter estimates and guides revenue sharply higher for next quarter

Revenue for the quarter came in at $54.23 billion, ahead of the $52.24 billion Wall Street had expected

Micron Technology reported fourth-quarter earnings per share of $33.42, beating estimates by $1.10. Revenue for the quarter was $54.23 billion, above the $52.24 billion analysts had forecast.

The company guided first-quarter fiscal 2027 revenue to about $61.5 billion, plus or minus $1.5 billion, and said it expects non-GAAP diluted earnings per share of about $38.15 for that quarter. Micron's board declared a quarterly dividend of $0.15 per share, payable October 29, 2026 to shareholders of record as of October 14, 2026.

Chairman and CEO Sanjay Mehrotra said artificial intelligence is becoming what he called "Super Intelligence," lifting customer platforms, and that Micron is increasing investment in technology, products and manufacturing. He pointed to the company's Strategic Customer Agreements as support for the durability of its financial performance.

The results land after weeks of volatile trading in memory and semiconductor stocks, including a 7% drop on September 14 tied to fears of an AI slowdown, and earlier swings in early September driven more by interest rate expectations than by company fundamentals. Wednesday's numbers give investors a direct, company-specific data point showing memory demand and pricing running ahead of expectations, a factor that earlier market commentary had flagged as a gap between AI-linked share prices and actual earnings. The emphasis on Strategic Customer Agreements suggests Micron is trying to signal that its business is more stable than the sentiment-driven selloffs seen earlier in September would suggest.